California Law (Last Updated: March 4, 2014) |
Water Code - WAT |
Division 14. CALIFORNIA WATER STORAGE DISTRICT LAW |
Part 8. BONDS |
Chapter 7. Direct Assessment Warrants |
ARTICLE 1. Project and Government Contract Warrants |
Section 45900.
Latest version.
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For the purpose of financing a district project or government contract which has been approved by the voters of the district, the board of directors may, by a two-thirds vote of its members, issue written obligations which may be denominated notes, certificates of indebtedness or warrants. The term "direct assessment warrants," as used in this chapter, means such obligations, howsoever denominated.
(Amended by Stats. 1992, Ch. 1020, Sec. 97. Effective January 1, 1993.)